Tens of millions of workers quit their jobs during the Great Resignation. They abandoned, among other work, low-wage service employment for higher pay and, along the way, established new careers or moved up for promotions at rival companies.
However, as the labor market cools amid a tightening campaign brought to you by the Federal Reserve, that massive reshuffling has come to an end.
“The Great Resignation is over,” said Nick Bunker, the economic research director for North America at the Indeed Hiring Lab. “After two-plus years spent quitting and finding new and better opportunities…workers are now voluntarily leaving their jobs at the same rate they were prior to the pandemic.”
Recruiters and workers looking to make a change say the labor market has tightened as leverage shifts back to employers. What was once a ripe opportunity for aspiring job seekers has turned into a more challenging market as qualified and laid off workers flood application portals — and companies slow down…
2023-08-31 06:24:54
Original from finance.yahoo.com
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